Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%

Price spread now: Perpl against Binance−0.024%7-day average −0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.024%, 7d avg −0.026%

Together, before fees−0.211%+ Points / potential airdropPerpl: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	116.61	0.0100	pay 0.0100% / 8h	2h 15m	$972.8M	$3.89B	100x
Short	Perpl SOL	116.58	0	get 0.0000% / 43m	38m 14s	$114K	$3.7M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee PerplbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$21
Price spread: −0.024% → −0.026%: $0.16
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$44.64
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Perpl: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 14 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	8.1 bp −$812	17.9 bp −$8,941
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.62	+0.002%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0120%	1h	116.53	−0.075%	$103K	$695K	20x	as long as short
BingX SOL-USDT	−0.0108%	8h	116.59	−0.021%	—	$369.6M	—	as long as short
Bybit SOLUSDT	−0.0106%	8h	116.60	−0.015%	$740.9M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.63	+0.013%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0048%	1h	116.56	−0.045%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0003%	1h	116.53	−0.067%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.60	−0.011%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.60	−0.012%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	116.58	−0.024%	$114K	$3.7M	8.3x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.61	−0.003%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.63	+0.015%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.64	+0.022%	$7.7M	$406.1M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.58	−0.029%	$480.4M	$460.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.62	+0.004%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.61	−0.005%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.60	−0.011%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.57	−0.033%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.071%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	−0.009%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.58	−0.028%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.69	+0.063%	$697.1M	$406.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.61	−0.003%	$175.8M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.63	+0.013%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	116.61	long leg	$972.8M	$3.89B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	+0.023%	$364.7M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.54	−0.063%	$217K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.61	+0.001%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.653%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.60	−0.011%	$843.6M	$673.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.59	−0.020%	$355.5M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.58	−0.030%	$126.8M	$230.7M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.53	−0.071%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.135%	$25.1M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	−0.108%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.181%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	−0.014%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.088%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.58	−0.028%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.59	−0.019%	$167K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	−0.009%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.58	−0.031%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.011%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.55	−0.057%	$225.7M	$50.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	−0.011%	$45.4M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.56	−0.046%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.61	−0.003%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0161%	1h	116.66	+0.043%	$26.3M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.817%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.53	−0.071%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.56	−0.048%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	−0.020%	$51.7M	$68.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.60	−0.015%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0537%	1h	116.28	−0.282%	$25K	$55K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.65	+0.035%	$2.1M	$4.9M	20x	as long as short